The right accounting software can provide enormous benefits for any business. QuickBooks, for a number of years, has led the way in this niche but that does not means that you have to use it. In fact, just because they are at the top, does not automatically mean that it will work for your business. If you are looking for an accounting package, there are alternatives out there. The following five packages will certainly give you something to think about.
This is an accounting system that is web-based yet extremely simply to use. It is so easy to use that large businesses may choose to avoid it but for small or medium sized businesses, it is a good option to have. Applications can be integrated with it as it has an API while it can deal with businesses in a number of countries. This web-based package is great for collaboration.
The advantage of this package is the fact that it is open-source and free and supported by a community that are there to help. It includes basic functions and works seamlessly on a number of different platforms, however, it does not allow a number of users to work at the same time. There is the possibility to share data files that can then be worked on by multiple users.
This is a software package that contains all of the features that a small or medium business will need. Users will have the ability to generate invoices and bills as well as track payments and expenses with this accounting software for small business. Financial information is on hand while the system is intuitive and simple to use. There is a wide range of powerful business management tools included while there is plenty of support just a few clicks away. To top this off, Topnotepad is competitively priced with a pricing model that is well structured and honest.
Aimed mainly at small and medium businesses, just like Xero, this web based accounting package works slightly differently. Its primary focus is on reporting and so, a neat dashboard makes it possible for users to understand their financial situation. It does not delve deep into the specifics of money management, which means it targets specific users. It is not possible to make changes to a bank account from the software and this is one example of how it is different. It does take an alternative approach to accounting that may only work for some.
Another web-based accounting package, although this comes with a difference because it can be installed on your own servers. It is also open-source which is a benefit in itself. However, this is not just an accounting package because it is also a complete ERP system offering the ability to deal with inventories, purchase order and other similar items that all link to the flow of money within the business but are not necessarily classed as accounting features. This is a sophisticated accounting package that will only suit a select few which could make one of the above options a better choice.